----- Original Message -----
Sent: Monday, December 19, 2005 3:16
PM
Subject: Fw: [socialcredit] Swanwick
2
Sent: Saturday, December 17, 2005 9:08 PM
Subject: Re: [socialcredit] Swanwick 2
My own view is that, far from being an economic downer,
capital investment financed by savings is in fact a very sound way of going
about things.
If we spend, say four years in building the "Titanic", we
distribute incomes to workers and suppliers for that four year period, so
withdrawing other goods and services from the market, without putting any
product of value on the market. If financed by new credit, that is an
inflationary thing to do. If financed by savings, it simply means that
consumer buying power in total has been redistributed from the investor to the
workers and suppliers, with no inflationary effect.
The moment that the "Titanic" sails (and assuming that it
doen't sink on its maiden voyage), there's increased goods and services
available to the public (including laid-off shipbuilders), which is every
justification for increasing the money supply through a debt free National
Dividend.
If the "Titanic" sinks, of course, assuming it has been
financed through savings, all that happens is that its investors (or their
insurers) lose their money.
Comments?
----- Original Message -----
Sent: Thursday, December 15, 2005 3:12
PM
Subject: RE: [socialcredit] Swanwick
2
Alright. Let's pursue this further.
I have (yes, more than once) in my small flower production business,
developed a new calla (Zantedeschia vars.) which may sweep the market, or
may simply drop out of ken because of changing fashions. Or the tubers
may all turn out to be "rotters" and nearly all simply disappear in their
third season. I need about $10,000 (minimum) to propagate it in large
numbers sufficient to make some sort of impact. And I am not allowed
to risk my own capital.
Do I go to one of the banks and demand, by right of being a citizen, a
loan of this amount? If not, how the blazes to I persuade my bank
manager to fund this very risky project? Must I mortgage my property,
which surely would be tantamount to using savings?
Moral: Douglas' analysis of the economic system was absolutely
brilliant. His antisemitism, though very fashionable at the time was
at the very least irresponsible. Where, in the spectrum of his dicta do we
draw the line; at this last point, or a bit sooner in relation to some
of his ideas in between? I simply don't buy the superstitious approach
of many Scoial Crediters who believe that he must be treated as completely
infallible; that his pronouncements should not be subjected to
reasonable analysis, particularly in view of changed circumstances. (We no
longer live in slump time, for example.)
This ossified and unreasoning approach is one of our weaknesses, every
bit as dangerous as subtle movement away from his obviously valid ideas.
Bill, if you do close down, please accept my thanks for riding herd on
these discussions to date. I'm sure I have annoyed a few people
in the process, but I have gained an immense amount of valuable information
from it, as well as sorting out my own ideas for practical use.
Regards. John R.
From: Triumphofthepast@aol.com
Reply-To:
socialcredit@elistas.com
To:
socialcredit@elistas.com
Subject: [socialcredit] Swanwick
2
Date: Thu, 15 Dec 2005 12:08:57 EST
"That
the credits required to finance production shall be supplied, not from
savings, but be new credits relating to new production."
Both John and Joe suggest this means "the aforementioned credits
required to LIQUIDATE production." I don't see how it could.
Worse, he would now be saying that savings SHALL NOT be used to buy
consumer goods and services!
Michael
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